Brazil iGaming Licence

Brazil has recently launched its regulated betting and online gambling market, marking an exciting new chapter for operators looking to expand into one of the largest and most dynamic markets in the world. This new framework allows operators to legally apply for licenses to operate in Brazil.

How to Apply for a Gambling License in Brazil

Operators seeking to enter the Brazilian market must apply for a gambling license through the Secretariat of Awards and Betting, under the jurisdiction of the Ministry of Finance. This regulatory body oversees the licensing process and ensures compliance with local laws and standards.

Taxation System

The Brazilian taxation system for gambling operators is structured to collect 12% of Gross Gaming Revenue (GGR). This tax revenue is allocated across several government funds to support public services and initiatives.

Key Requirements for Foreign Entities

Foreign entities are eligible to apply for a Brazilian gambling license, but there are specific requirements they must meet:

At least 20% of the company’s share capital must be held by a Brazilian shareholder, either a company or an individual.

Compliance with all regulatory and financial obligations outlined by the Brazilian government is mandatory.

Federal Lotteries and Horse Racing Licenses

In Brazil, federal lotteries are operated by member states, each managing their own systems and regulations.

For horse racing entities, licenses must be obtained through the Ministry of Agriculture, Livestock, and Supply (MAPA). This includes licensing for agents and agencies involved in facilitating horse race betting.

Agent Licenses:

Licenses can be granted to either individuals or legal entities, allowing them to facilitate betting at specified locations only.

This regulatory framework ensures that both lotteries and horse racing betting are properly managed and adhere to national standards.

Betting with credit and cryptocurrencies is banned.

If you are seeking to build your own platform or require turnkey solutions, sportsbook and data feeders, we can certainly help! Reach out to us here: Click here to elevate your business!